Dale Jorgenson

Information Technology and the U.S. Economy

2001. Vol. 5. No. 1. P. 3–40 [issue contents]
The starting point for the economic debate is the thesis that the 1990's are a mirror image of the 1970's, when an unfavorable series of «supply shocks» led to stagflation - slower growth and higher inflation . In this view, the development of information technology (IT) is one of a series of positive, but temporary, shocks. The competing perspective is that IT has produced a fundamental change in the U.S. economy, leading to a permanent improvement in growth prospects.
Citation: Jorgenson D. (2001) Information Technology and the U.S. Economy [Information Technology and the U.S. Economy]. HSE Economic Journal , vol. 5, no 1, pp. 3-40 (in Russian)
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